In the trading process, risks are everywhere. Always remember various black swan events and be prepared for risk control!
1⃣ Cultivate a market maker mindset
In the cryptocurrency world, always think like a market maker. Maintain sharp market insight and calm decision-making abilities.
2⃣ Do not rely on luck
When investing in cryptocurrencies, you must not have a mindset of luck. Each investment should be based on thorough market analysis and rational judgment.
3⃣ Abandon the illusion of long-term value investing
The volatility in the cryptocurrency market is enormous. One should not expect stable returns from long-term holding, but should flexibly adjust strategies based on market changes.
4⃣ Take profits in a timely manner
In the cryptocurrency world, knowing when to take profits is a form of wisdom. When you reach your expected gains, you should exit in a timely manner to avoid missing out on good opportunities due to greed.
5⃣ Do not cling to the battle
The market is ruthless. Do not cling to battles due to temporary gains or losses. Stay calm and withdraw at the right time.
6⃣ Do not overestimate your genius
In the cryptocurrency world, no one can be right all the time. Staying humble and recognizing your limitations is the key to success.
7⃣ Capital and the market makers are the true winners
In this game, only those with enough capital and a market maker mindset can possibly become the final winners.